Evonik to construct new polybutadienes plant in Germany
Specialty chemicals company Evonik Industries will construct a new polybutadienes production plant in Marl, Germany.
The plant, which will have an annual capacity of several thousand metric tons of polybutadienes, is scheduled to be completed in mid-2013.
Evonik plans to market polybutadienes under the name POLYVEST HT, which are used to seal compounds for insulated glass windows and for adhesives used in the automotive and electronics industries.
Evonik Industries chairman of the executive board Klaus Engel said the company is laying the foundation stone for a business with prospects for the future, one that is innovative and contributes towards the strong-growth megatrend of resource efficiency.
''By choosing the production site in the heart of the Ruhr region we are once again demonstrating that industrial production in Germany under competitive conditions is still possible," Engel added.
Evonik has spent €208m of its total €391m investments in fixed assets in Germany during the first half of 2012.
German state of North Rhine-Westphalia Minister for Economics Garrelt Duin said, "Our state's economic policy aims at providing industrial companies such as Evonik with an attractive environment for investment."
The new plant will make use of existing infrastructure and raw materials supplies and utilise synergies with the current polybutadiene plants in Marl Chemical Park.
Evonik Coatings & Additives Business Unit head Ulrich Küsthardt said, "There is great demand for products that help us use resources more efficiently. Especially in Germany and Europe the market for functionalised polybutadienes is characterised by a high level of dynamic growth."
Evonik will extend its portfolio of products for the adhesive and sealants industries.